Euro / U.S. DollarShort
EURUSD is more likely to fall more
Updated
EURUSD / Daily
EURUSD has been trading in a downtrend. For the last month, the price was trapped inside a trading range (box).
We finally observe the price heading to test the falling channel resistance zone.
For next week's setup, we expect the price to fall more. Keeping in mind, if the price manages to close outside the falling channel. We should consider going long on this pair.
Trade safe,
Trader Leo.
EURUSD has been trading in a downtrend. For the last month, the price was trapped inside a trading range (box).
We finally observe the price heading to test the falling channel resistance zone.
For next week's setup, we expect the price to fall more. Keeping in mind, if the price manages to close outside the falling channel. We should consider going long on this pair.
Trade safe,
Trader Leo.
Note
Worked perfectly
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